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Cadrenal Therapeutics (CVKD) Amended Form 144 Discloses Insider Sale

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144/A

Rhea-AI Filing Summary

Cadrenal Therapeutics, Inc. (CVKD) filed an amended Form 144 disclosing a proposed sale of 3,836 common shares through Merrill Lynch on the NASQ exchange with an approximate aggregate market value of $53,455.56 and 2,046,854 shares outstanding. The shares were acquired on 01/25/2022 in a private placement from the company and were paid in full on that date. The filing reports no securities sold in the past three months for the account and includes the seller's representation that they are not aware of undisclosed material adverse information regarding the issuer.

Positive

  • Transaction disclosed with key details including broker, share count, acquisition date, and aggregate market value
  • Shares acquired in a private placement and paid in full on 01/25/2022, clearly stated
  • Filer attests they are not aware of undisclosed material adverse information

Negative

  • Filer identifiers (CIK/CCC) and certain contact fields are not provided in the supplied content, limiting traceability

Insights

TL;DR Small insider sale disclosed: 3,836 shares, ~$53.5k, representing ~0.19% of outstanding stock.

This Form 144/A shows a nominal insider sale relative to the issuer's outstanding shares: 3,836/2,046,854 equals approximately 0.187% of outstanding shares. The shares originate from a private placement dated 01/25/2022 and are being brokered through Merrill Lynch. The disclosed aggregate value is modest and unlikely to materially affect market capitalization or liquidity by itself. The filing helps maintain public transparency about proposed insider transactions but does not include trading execution results.

TL;DR Disclosure appears procedurally complete but some filer identifiers are not present in the text provided.

The notice includes required elements: broker name and address, class, number of shares, acquisition date and nature (private placement), and the seller's declaration regarding material nonpublic information. However, the supplied content lacks explicit Filer CIK and filer identifiers in the provided text, which are typically required for full traceability. The filing states there were no sales in the past three months, reducing immediate compliance concern about undisclosed prior dispositions.

144/A: Filer Information

144/A: Issuer Information

144/A: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

144/A: Remarks and Signature

FAQ

How many shares is CVKD proposing to sell according to the Form 144/A?

The filing discloses a proposed sale of 3,836 common shares.

What is the aggregate market value of the proposed CVKD sale?

The aggregate market value is reported as $53,455.56.

When were the shares being sold originally acquired?

The shares were acquired on 01/25/2022 in a private placement from the company.

What percentage of CVKD's outstanding shares does this sale represent?

Based on the filing, 3,836 shares of 2,046,854 outstanding equals approximately 0.187% of shares outstanding.

Did the filer report any securities sold during the past three months?

The filing states Nothing to Report for securities sold in the past three months.

Does the filer assert there is no undisclosed material information?

Yes, the person for whose account the securities are to be sold represents they do not know any material adverse information not publicly disclosed.
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Biotechnology
Pharmaceutical Preparations
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United States
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